Bodycote's (BOY) "Buy" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on Bodycote and set a GBX 960 price target, implying 39.53% upside from the previous close.
• Analyst sentiment remains positive: Bodycote has four Buy ratings and two Hold ratings, resulting in a “Moderate Buy” consensus and an average target of GBX 842.50.
• Bodycote shares opened at GBX 688, down 0.3%, while the company reported quarterly EPS of GBX 18.10 and analysts forecast full-year EPS of approximately GBX 54.05.

Bodycote (LON:BOY - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a report released on Wednesday,Digital Look reports. They currently have a GBX 960 price target on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 39.53% from the company's previous close.

A number of other research firms have also weighed in on BOY. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 750 price objective on shares of Bodycote in a research note on Wednesday. Jefferies Financial Group reiterated a "buy" rating and set a GBX 900 price target on shares of Bodycote in a report on Wednesday. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 900 price target on shares of Bodycote in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 842.50.

Bodycote Trading Down 0.3%

Bodycote stock opened at GBX 688 on Wednesday. Bodycote has a 12 month low of GBX 573 and a 12 month high of GBX 850. The company has a market capitalization of £1.17 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The business's fifty day simple moving average is GBX 714.61 and its two-hundred day simple moving average is GBX 713.33. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80.

Bodycote (LON:BOY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. As a group, equities analysts predict that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide. Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process. Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.

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